28 Collard Drive, Diamond Creek VIC 3089
28 Collard Drive, Diamond Creek VIC 3089
The property is positioned in a low-density, family-oriented pocket where generous land parcels are the norm. The surrounding stock is dominated by detached houses on substantial blocks, many with elevated topography or view potential, an advantage that is given to this house when buyers are seeking space, privacy, and room to extend or redevelop. It is sited at the larger-lot end of Diamond Creek, closer to the newer and transitioning part of the suburb than to its higher-density unit and townhouse product. This is a property best suited to families and up-sizers looking for an established house with scope to add value, or to a buyer attracted by the security of owning land in a stable, well-served residential area.
Value is most likely shaped by house condition and layout, land size and shape, and whether topography permits extension or redevelopment. A bushfire overlay can affect parts of this street, so overlay status and building envelope should be reviewed. Market conditions may affect the final figure, but land size, outlook, and house quality are likely to remain firm.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Collard Drive, Diamond Creek VIC 3089
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Diamond Creek, in Nillumbik Shire north of Melbourne, is a semi-rural commuter suburb anchored by the Hurstbridge line and local schools rated above average. Demand is family-driven: median age 39, 55% mortgaged and 37% owned outright, with 164–186 houses selling annually. Prices are flat-to-softening: house medians around $1.06–$1.1m and annual growth of -0.86% to -1.44%; units are weaker at -1.25% to -6.3%. Houses sell in 24–26 days, rents hold at $650 per week, and house rental growth of 7.4% supports investor interest, with gross yields near 3.3% for houses and 4.4% for units. Future demand rests on school quality and green lifestyle, but affordability—prices well above Greater Melbourne—and rate sensitivity are key constraints.
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PropCred Estimated Value
Comparable Sales: 55 Collard Drive (3/2/5, 1,136m², price not disclosed); a 2017 Diamond Creek comparable at $459,000 | Property Price Band: $1.1M-$1.2M | Value Drivers: land size, condition and layout, outlook potential
Bedrooms
4
Bathroom
2
Parking
-
Land
891m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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